Mumbai: IRB Infrastructure Pvt. Ltd., the Investment Manager to IRB InvIT Fund, India’s first listed Infrastructure Investment Trust, announced its Q2 FY2026 financial results and declared a distribution of ₹1.50 per unit for its unitholders. The Trust also completed the acquisition of three revenue-generating highway assets, expanding its asset base to over ₹16,000 crore and extending its footprint to Uttar Pradesh and Haryana.
The newly acquired assets, with a combined enterprise value of ₹8,400 crore and a weighted average residual life of 20 years, have more than doubled the Trust’s scale. The project portfolio now includes nine operational assets — eight BOT (Build-Operate-Transfer) and one HAM (Hybrid Annuity Model) — covering 4,225 lane kilometers across multiple states.
Rushabh Gandhi, Director and Chief Financial Officer, said, “This strategic expansion enhances our portfolio’s average residual life from 14 to 17 years and positions us in high-growth states. Despite extended monsoons, our performance reflects resilience, disciplined capital management, and sustainable growth. The impact of these acquisitions will be visible from Q3 onwards.”
Financial Highlights – Q2 FY26
- Revenue: ₹278 crore (↑3% YoY)
- EBITDA: ₹233 crore (↑4% YoY)
- Distribution: ₹192.24 crore at ₹1.50 per unit
- Cumulative Distribution Since Listing: ₹4,624.36 crore at ₹77.85 per unit — 76% of IPO fund raised in 2017
- Record Date for Distribution: November 18, 2025
- Payment Date: On or before November 25, 2025
While the per-unit distribution declined from ₹2.00 in Q2 FY25 to ₹1.50 in Q2 FY26, the overall payout increased significantly due to the expanded asset base and higher toll revenue.
Business Highlights
- Asset Expansion: Three new highway assets added, increasing total asset base to ₹16,000 crore.
- Geographic Diversification: Entry into Uttar Pradesh and Haryana.
- Credit Strength: ‘AAA’ rating reaffirmed by two leading credit rating agencies.
- Toll Revenue Growth: 6% YoY increase in Q2FY26 — ₹266 crore vs ₹251 crore in Q2FY25.
IRB InvIT Fund continues to demonstrate its ability to scale efficiently while maintaining strong financial discipline and stakeholder returns. The Trust’s strategic acquisitions and consistent toll revenue growth reinforce its position as a resilient infrastructure investment vehicle in India’s road sector.
